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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (12115)	4/18/2004 4:33:31 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 110194

would agree - but the results may not favor any one

To: TobagoJack who wrote (12115)	4/18/2004 10:31:32 AM
From: gregor_us	Read Replies (2) \| Respond to of 110194

Let's Say We Have Indeed Entered The Terminal Phase of the debt bubble, the grinding endgame where, like chess, the remaining moves with just a couple of pawns, a king, and maybe one major piece must be studied all the more carefully. Referring to the Asian financial crisis, Soros had commented, “it is happening this time in the periphery. The next time, it will happen in the center." And so I would add to the excellent comment by Soros that the crisis--the terminal phase of the debt bubble--will be met by the fiercest fighting from Washington. JWCB has an earlier post where he points out in the coming battle that stocks are a first line of defense--but that the fiercest battle will be engaged over our bonds, and our currency. I like that idea. JWCB goes on to suggest that because our treasury market is so central to the house of cards--and because the protectors of the house of cards have firepower--the carnage will take longer, (much longer) to effect. The first glimpse of this ferocity may be the parade of Fed Officials and Treas. Sec. Snow, who have marched every day since Parry's comments to the SF Chron over Easter weekend, and since the inflation numbers. The Fed is signalling War, against the "free" market in bonds. ________________________________________________________ Reference: JWCB post: Bond Wheels: Message 20034825